NEWS
IDT's Net2Phone to Cut Domestic Rate by 75%; New Rate for U.S. Customers to Drop to 4.9 Cents/Minute All Day
[[Stephen, you are missed. Come back soon! FrankC.]]
Business Wire - December 22, 1998 08:47
HACKENSACK, N.J.--(BUSINESS WIRE)--Dec. 22, 1998--IDT's (NASDAQ: IDTC)
Net2Phone today announced that it will be cutting the rates on its PC-to-phone service for U.S. callers. Effective January 1, 1999, all new U.S. customers will pay only 4.9 cents per minute, up to 75% in savings, on phone calls from their multimedia PCs to any telephone in the U.S. Previously, rates within the U.S. were 10-15 cents per minute for domestic users.
"Over one million international customers have been benefiting from our technology and capabilities of Net2Phone. We want our U.S. audience to share in what will be the next wave of domestic communications," said David Greenblatt, Chief Operating Officer of Net2Phone. "Not only will users save up to 75% off their domestic phone bill, but our international rates are also incredibly low, with rates to most of Europe at 10 cents per minute."
Net2Phone is IDT's pioneer Internet telephony product, enabling computer users around the world to place telephone calls over the Internet to any telephone around the world at significantly reduced rates. Companies such as IBM Global Services (NYSE: IBM), Yahoo! (NASDAQ: YHOO), Excite (NASDAQ: XCIT), and Creative Labs (NASDAQ: CREAF) either bundle or resell Net2Phone PC services to their customer base. Users can download Net2Phone free at www.net2phone.com.
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